HCL Technologies To Set Up Development Center In Amaravati

Amaravati: India's largest IT services company HCL Technologies is preparing to set up one of its largest development centers in Andhra Pradesh, involving an investment of over Rs 1,000 crore, said officials close to the development.

The technology services firm is all set to sign an agreement with the Chandrababu Naidu to build its development center close to proposed Greenfield capital city Amaravati. Talks with HCL Technologies are at an advanced stage, says one of the officials, adding, "This will be the first large investment by an IT giant to help Chandrababu Naidu's dream to recreate Cyberabad in residual Andhra Pradesh."

Andhra Pradesh, which doesn't have a capital city, is currently building a Greenfield capital city at Amaravati near Vijayawada. "The facility will house 3,000 professionals in the first phase and another 3,000 engineers in the second phase," said a official, adding that "proximity to several leading engineering colleges in and around Vijayawada will enable the technology services giant access to large pool of talented engineers."

The investment proposal of HCL Technologies is expected to come up before the ensuing meeting of the state investment promotion board (SIPB) for its approval.